Attalla cost of living index

An overview of the general cost of living index for Attalla, AL is displayed above for your reference. Residents in Attalla, AL enjoy a cost of living index of 82. This index is 8% lower than the Alabama average, and 18% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Attalla, AL, the average cost of goods and services is 4% lower than it is in Alabama, and it is 8% lower than the national average.

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Salary Calculator

Use the salary calculator to compare your current income in Attalla, AL to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Attalla, AL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Attalla, AL salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

If you want to find a good determining factor for the cost of living and the general affordability of housing in Attalla, AL, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Attalla, AL, the median monthly income is $41,907 for those who own their own homes. Under the standard rule, that income level would allow for $978 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $30,013, per the median income in the area. That would allow for renters to spend up to $700 on monthly rental expenses.

Alabama Sales Tax

Alabama Income Tax

The Alabama sales tax and Alabama income tax rates should definitely be considered when determining the overall cost of living in Attalla, AL. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Alabama sales tax is 4% and the maximum surtax is 13.5%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Alabama income tax rates range from 2% to 5%.

Goods & Services

Groceries

Health Care

Housing

Transportation

Utilities

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

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Source: The Attalla, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.